Chevy Chase Trust Holdings LLC Has $44.24 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Chevy Chase Trust Holdings LLC lessened its position in KLA Co. (NASDAQ:KLAC) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,210 shares of the semiconductor company’s stock after selling 1,884 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of KLA worth $44,241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Creative Planning boosted its stake in shares of KLA by 16.1% in the 3rd quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock valued at $29,796,000 after purchasing an additional 5,519 shares in the last quarter. Swedbank AB lifted its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in KLA by 18.2% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 292 shares of the semiconductor company’s stock worth $226,000 after buying an additional 45 shares in the last quarter. Global Retirement Partners LLC lifted its position in KLA by 25.6% during the 3rd quarter. Global Retirement Partners LLC now owns 692 shares of the semiconductor company’s stock worth $536,000 after buying an additional 141 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in KLA by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,532 shares of the semiconductor company’s stock worth $6,607,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KLAC shares. Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC upped their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, UBS Group upped their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Down 1.8 %

NASDAQ:KLAC opened at $750.74 on Friday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The business has a 50 day moving average price of $695.06 and a two-hundred day moving average price of $715.48. The company has a market cap of $99.77 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is presently 28.60%.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.